Question

Kendra invests $18,000 in a partnership with three other partners. The total investment of the partners is $30.000. What percent of the business is owned by the three other partners?

Answer 1

Given:

Kendra's investment $ 18000

Partners' Investments $ 30000

Required:

% ownership of the 3 other partners

Solution:

% ownership (partners) = partners' investments / total investments

total investments = Kendra's investment + partners' investments = $ 18000 + $ 30000 = $ 48000

% ownership (partners) = ($30000 / $ 48000) * 100 = 62.5 %

Answer:

The partners owned 62.5 % of the business.